Tokeninsight released the Q2 quarterly report of cryptocurrency exchanges in 2023. The report shows that in the Q2 quarter of 2023, Binance’s market share was 50.6%. The market share was basically the same as the same period last year, and it still ranked first in the market.

In addition, in the Q2 quarter of 2023, Binance’s total trading volume was 4.3 trillion US dollars, with an average share of 55.33% in the spot market, 54% of derivatives trading, and 35.69% of open interest market share. Multiple data show Binance remains the number one and dominant player in the crypto market.